Sea Harvest returned to the JSE on Thursday, with 405,812 shares trading for a total R5.3m by 10:30am. It traded, under share code SHG, between R12.70 and R13.50, an 8% premium to the placing price of R12.50. The ordinary shares of Brimstone, the holding company unbundling Sea Harvest into an independently listed group, rose 0.9% to R15.84 while Brimstone’s N shares were unchanged at R15.49. On Friday, Brimstone said Sea Harvest raised R1.33bn by placing 106-million shares at R12.50 each. The shares placed ahead of Thursday’s initial public offering (IPO) represented 42.3% of Sea Harvest’s total 251,362,907 shares in issue.
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